#Saudi Arabia

How UK firms can revolutionise the GCC’s construction and sustainable infrastructure sector

By championing sustainable, low-carbon solutions, the UK is uniquely positioned to work in partnership with the GCC to achieve its ambitious infrastructure goals

Parkin, BATIC to explore smart parking solutions in Saudi Arabia

Parkin, BATIC to explore smart parking solutions in Saudi Arabia

Parkin’s move into the Saudi market further solidifies its position as a regional leader in parking solutions, with the company’s expertise in Dubai paving the way for broader GCC expansion

Money20/20 Middle East to debut in Riyadh in Sept 2025

Money20/20 Middle East to debut in Riyadh in Sept 2025

Money20/20 Middle East aims to become the largest fintech event in the region, featuring a diverse lineup of keynote speakers, panel discussions and networking opportunities

Riyadh Metro opens green, red lines as network nears full completion

Riyadh Metro’s red and green lines will open on December 15, bringing it one step closer to its full rollout

2030 FIFA WORLD CUP COHOST MOROCCO

FIFA confirms Saudi Arabia as 2034 World Cup host

The 2034 edition will bring the global spectacle back to the Middle East, with Saudi Arabia becoming the second nation in the region to host the tournament, following Qatar’s hosting of the 2022 event.

PIF

Saudi Arabia’s PIF launches new hotel management company

Adeera seeks to introduce a portfolio of distinctive Saudi hotel brands serving various segments, from mid-range to ultra-luxury, for different categories of visitors

Parsons wins contract for RCRC Road Program Phase in Riyadh Image supplied

Parsons wins $53m 3-year contract for roads programme in Riyadh

Parsons currently has more than 50 active projects in Saudi Arabia

Trump, Dar Global to build more towers in Saudi Arabia

Trump Organization doubles down on Saudi property market

The latest developments come ahead of the formal launch of another Trump Tower this week in Jeddah, Saudi Arabia’s second-largest city

Informa's Adam Andersen on how CPHI ME is building bridges in the pharma sector

Informa’s Adam Andersen on how CPHI ME is building bridges in the pharma sector

Saudi Arabia’s pharmaceutical market is expected to exceed $11bn by 2032, driven by a compound annual growth rate of around two per cent

Apple announces major retail expansion in Saudi Arabia

Apple announces major retail expansion in Saudi Arabia

This marks Apple’s first direct retail service in the kingdom and is a significant milestone in the company’s local operations

Saudi Arabia cuts oil prices amid nascent demand recovery

Saudi Arabia cuts oil prices amid nascent demand recovery

Saudi Aramco said it is lowering the official selling prices for refiners in Asia, which buy about 70 per cent of the kingdom’s crude

IHG expands in Al Madinah with two new Holiday Inn hotels

IHG expands in Al Madinah with two new Holiday Inn hotels

IHG is positioning itself to play a major role in the transformation of Al Madinah into a modern, culturally rich hub for both pilgrims and tourists

Saudi energy minister on why OPEC+ is not increasing output now

OPEC+, which pumps about half the world’s oil, had previously been planning to start unwinding cuts from October 2024

PIF and Bpifrance Assurance Export sign $10 billion memorandum of understanding

Saudi’s PIF, Bpifrance Assurance Export sign $10bn MoU to support key projects

The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations

OPEC+ delays oil output hike until April, extends cuts into 2026

OPEC+ delays oil output hike until April, extends cuts into 2026

The group agreed to allow the UAE to raise output by 300,000 bpd gradually from April until the end of September 2026

Saudi Arabia’s Almoosa Health seeks to raise SAR1.7bn via IPO

Saudi Arabia’s Almoosa Health sets IPO price range, plans to raise SAR1.7bn

The indicative share price of SAR123 and SAR127 per share implies a market valuation of around SAR5.6bn at the top of the range

Render of Residence Inn by Marriott Knowledge Economic City

Saudi Arabia: Marriott inks agreement for 3 new hotels in Madinah

These hotels will cater to a broad spectrum of travellers, from religious pilgrims to business visitors, and are expected to play an important role in accommodating the rising number of visitors to Madinah

UNCCD COP16: Global Drought Resilience Partnership launches, $12bn pledged in support

At the UNCCD COP16 in Riyadh, Saudi Arabia launched the Riyadh Global Drought Resilience Partnership. With over $12bn pledged, the initiative seeks to combat the growing threat of droughts worldwide

Saudi Arabia signs solar deals with France’s TotalEnergies, EDF

Saudi Arabia signs solar deals with France’s TotalEnergies, EDF

TotalEnergies will build the 0.3 GW park in the Rabigh Industrial City in partnership with local Saudi developer Aljomaih Energy and Water Company

PIF entity Dan Company launches Tuaja Luxury Resorts

PIF entity Dan Company launches Tuaja Luxury Resorts

Tuaja plans to open additional resorts across Saudi Arabia by 2030, with each resort inspired by the culture and heritage of the host city

Saudi Arabia’s Almoosa plans to list 30% stake on local bourse

Saudi Arabia’s Almoosa plans to list 30% stake on local bourse

The healthcare operator is offering 13.3 million shares to investors – equivalent to 30 per cent of the company’s paid-up capital

Riyadh Metro fares revealed: What you’ll pay to ride the network

The Riyadh Metro currently has two-hour, three-day, one-week and 30-day ticket pricing plans, all available via a new mobile app

Saudi Arabia’s King Salman inaugurates Riyadh Metro

Saudi Arabia’s King Salman inaugurates Riyadh Metro

The project is considered the backbone of the public transport network in Riyadh and an element of the transportation system in the city

Saudi Arabia approves 2025 state budget, forecasts $27bn deficit

Saudi Arabia approves 2025 state budget, forecasts $27bn deficit

The 2025 budget estimates total expenditures of SAR1.3tn and total revenues of SAR1.2tn

NEOM-TREYAM EQUINOX HOTELS

NEOM gigaproject a ‘generational investment,’ says Saudi minister

NEOM, a Red Sea urban and industrial development nearly the size of Belgium that is meant to eventually house 9 million people, is central to Vision 2030

Riyadh Metro: 5 ways it will boost transport in Saudi’s biggest city

The initial launch on November 27 will see three of the six planned lines become operational, connecting key areas in the city

Nice One e-commerce platform to float IPO on Saudi exchange

Nice One e-commerce platform to float IPO on Saudi exchange

Founded in 2017, Nice One has rapidly grown to become the largest online platform for beauty and personal care products in Saudi Arabia

Riyadh Metro to launch first phase on Nov 27, 2024 Getty Images-1232056879

Riyadh Metro to kick off first phase on Nov 27, includes 3 lines

The partial launch will see three of the six routes of the world’s longest driverless metro system become operational

Moody’s upgrades Saudi Arabia’s rating on economic diversification

Moody’s upgrades Saudi Arabia’s rating on economic diversification

The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions

Citi secures licence for regional headquarters in Saudi Arabia

Citi secures licence for regional headquarters in Saudi Arabia

Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom by offering tax breaks